PetSmart's Chewy prices IPO at $22 per share, above target

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By Joshua Franklin

NEW YORK, June 13 (Reuters) - Chewy Inc on Thursday priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, according to a person familiar with the matter, valuing the online pet products retailer at $8.77 billion.

Chewy, controlled by private equity-owned PetSmart Inc, had set a price range of $19 to $21 per share, which was raised earlier this week from $17 to $19 per share.

This article appears in: Politics , World Markets , US Markets , Stocks , IPOs
Referenced Symbols: CHWY

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